US stocks rose.
Expectations of a Federal Reserve interest rate cut in December and a rebound in technology stocks were factors supporting the market in this session.
At the close of trading, the Nasdaq technology index surged 0.82%, while the Dow Jones and S&P 500 also recorded positive results. Leading the market's gains were technology stocks such as Nvidia and Dell, thanks to positive earnings results and optimistic prospects. Airline stocks also rose sharply due to high travel demand during the holiday season. According to CNBC, Wall Street is now heading towards its strongest weekly gain for the major indices since the end of June.
Matt Britzman, an expert at Hargreaves Lansdown, said that the market has been highly volatile in recent weeks due to expectations of a Fed interest rate cut. Jack Ablin of Cresset Capital Management believes that if these expectations are reinforced, the market could continue to rise. He explained that the rise in both small-cap and "value" stocks indicates a healthy shift of capital: from mega-cap technology companies to many other companies that will benefit from lower borrowing costs.
Analysts also suggest the market is being supported by speculation that Kevin Hassett, Director of the National Economic Council, could become the next Fed Chairman, as expectations are that Hassett will continue to lower interest rates.
Source: https://vtv.vn/chung-khoan-my-tang-diem-100251127095220136.htm
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